Exactly everything can happened in this crypto world. As long as it still have a demand and the real use cases, someday that coin will go higher.
As we know who in this crypto world dont know about doge coin, they always use doge coin when they want transfer the fund from one exchanger to other exchanger. You know because Doge coin transfer fee is cheap and quick too.
Talk about the supply, The ripple (XRP) has a high supply too but can reach $3,5.
Bitcoin from $0.xx can go to > $15k.
When a cryptocurrency already accepted in all this world, i believe 1 Doge can reach 1$. It's not now but when next 10 years or next 20 years who knows.